Taxable and non-taxable State Benefits
Whilst there are a large number of state benefits available, it is not clear which...
Gains on sale of shares
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% (but...
Child benefit for 16 to 19 year olds
The child benefit rates for the only or eldest child in a family is currently...
The NIC Employment Allowance
The Employment Allowance benefits eligible employers by reducing their National Insurance liability. The current allowance...
When you cannot use the Property or Trading Allowances
Two separate £1,000 tax allowances for property and trading income were introduced in April 2017...
Responding to a personal data breach
The Information Commissioner’s Office has a simple guide that explains what you need to do...
The new Chancellor’s first speech
The Chancellor has promised to take immediate action to fix the foundations of the economy...
Are mega sized marshmallows zero-rated?
In the UK most basic food stuffs are zero rated. However, the definition of 'basic'...
Business VAT responsibilities
The taxable turnover threshold that determines whether businesses should be registered for VAT is currently...
Restarting a dormant company
HMRC must be informed when a non-trading or dormant company restarts trading and becomes active...
Company filing obligations
It is important that anyone responsible for the accounts and tax filing regime for private...
Inheritance and tax
As a general rule, an individual who inherits property, money or shares is not liable...
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